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National World explores possible offer for British news publisher Reach – Reuters

Nov 3 (Reuters) – Britain's National World Plc (NWOR.L) said on Thursday it was in the early stages of exploring a possible cash offer for Reach Plc <RCH.L>, the British publisher behind the Daily Mirror and Sunday Mirror newspapers.
National World, which invests in news publishing businesses, said it has not yet approached Reach's board for the possible offer. Reach confirmed that in a separate statement.
According to UK regulations, National World has until Dec. 2 to announce a firm intention to make an offer for Reach, or walk away.
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Twitter has laid off 50% of its employees, the company's head of safety and integrity said on Friday in a tweet, while saying that the social media platform's content moderation capabilities remained in place.
Germany's Metro is exploring strategic options for its Indian unit and is in advanced discussions over a deal, a group spokesperson said, with analysts reckoning that the division could be valued at 500 million euros ($490 million) in a sale.
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